Area Development News Desk

11/30/2012

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A vaccine and biopharmaceutical company, Protein Sciences Corporation, will make a multi-million dollar investment to establish manufacturing and operations center at Pfizer Inc.’s 550-acre Pearl River Campus in Rockland County, New York, with plans to initially create approximately 50 full-time jobs.

The company, which produces vaccines and biologics to fight recombinant influenza, will expand its manufacturing center, establish a production line, and add machinery and equipment. The Company will initially lease two buildings covering 83,000 square feet on the Pearl River, New York, campus. Eventually, employment could grow to as many as 150 full-time employees.

The buildings being leased by Protein Sciences had previously been part of Pfizer’s Pearl River manufacturing operations. Protein Sciences’ expansion will create vital new job opportunities and take advantage of a local workforce experienced in biopharmaceutical research, development and manufacturing, Gov. Andrew Cuomo’s Office said. The Pearl River campus is a leading site for vaccine research, as well as key aspects of biologics research, and is home to one of Pfizer’s five global R&D centers.

"With Protein Sciences deciding to establish a manufacturing and operations facility in Rockland County, the Hudson Valley is continuing to solidify its reputation as the place to be for biopharmaceutical companies that are looking to invest and expand," Gov. Andrew Cuomo said. "This multi-million investment will create dozens of new jobs in the Lower Hudson Valley, with the potential for many more in the future. “He added the announcement “demonstrates that our efforts to reopen New York State's doors to business and make it a more welcoming place for new investment is paying off."

"We are thrilled to be expanding our operations into New York and laying roots in Rockland County," said Protein Sciences CEO Manon Cox. "The state and local government have provided invaluable assistance, without which this transaction would not have been viable."

Empire State Development President, CEO and Commissioner Kenneth Adams said; "The Hudson Valley is home to some of the fastest growing biopharmaceutical industry clusters in the nation. With its unique assets and educated workforce, the Pearl River campus in Rockland County is the perfect fit for such an innovative life sciences company. We are proud to welcome Protein Sciences to the Empire State and look forward to a long and successful partnership."

As an incentive, Empire State Development will provide Protein Sciences with $2 million in tax credits through the Excelsior Jobs Program that is designed to incentivize Protein Sciences to create 100 net new jobs by the end of 2017 and sustain the employment level through 2023.